eCore^® Platform

Protection you can count on, the experience you need.

The eCore^® electronic vault has been deployed by the largest financial institutions to create, assign, protect, transfer and securitize Authoritative Copies of retail installment contracts, equipment leases, commercial contracts, mortgage disclosure and eNotes. Our technology and system processes have been reviewed and included in the legal opinions supporting billions of dollars in secondary market securitizations.

Creation of the Authoritative Copy from an eSigned Document

When an electronically signed document is deposited into the eCore electronic vault it goes through a multi–step authentication process:

1. Document content is validated to ensure it has not been altered since the eSignature was applied.
2. The digital certificate used to bind the electronic signature to the document is checked against the issuing Certificate Authority.
3. The electronic vault applies a tamper evident seal around the entire document.
4. The electronic vault creates the document’s tamper evident audit trail.

eCore is right for you if...

• You originate loans, notes, leases or retail sales installment agreements.
• You need a solution approved by the secondary market credit ratings agencies, such as Standard and Poors.
• You need a solution approved by issuer’s counsel.
• You sell, syndicate or securitize loans in the asset backed securities (ABS) or mortgage backed securities (MBS) markets.
• You need to satisfy the six requirements for transfer of control/ownership as specified in UCC Article 9 Section 105.

eCore^® Platform

Managing Electronic Transferable Records with eCore^®

eCore automatically establishes ownership/control of the Authoritative Copy on behalf of the secured party in it’s designated partition in the electronic vault. Transfer of control/ownership is only permitted to authorized representatives of the selling and purchasing organizations. Transfers can be accomplished on an individual transaction or on a collection (i.e. securitization pool). The secured party can initiate, confirm and cancel a transfer of ownership, while the purchaser has the option of accepting or rejecting the transfer. The selling organization can elect to retain a non–authoritative copy of any document transferred to a purchasing organization.

Organizations can also use eCore to transfer location of the Authoritative Copy from one custodian to another using the industry standard Transfer of Location of Electronic Contracts (TOLEC) functionality. TOLEC provides a non–repudiated method of ensuring that the single, Authoritative Copy and it’s audit trail is transferred between two electronic vaults.

eCore enables you to...

• Maintain a single authoritative copy that is unique and identifiable.
• Protect the authoritative copy of the eSigned document with a tamper evident seal.
• Differentiate through dynamic watermarking all copies of the authoritative copy retrieved from the electronic vault.
• Provide transfer of control/ownership and transfer of location of the authoritative copy by only the identified secured party (controller).
• Create and maintain an authenticated audit trail of every action taken on the eSigned document, from the time of deposit through end of life.
• Generate legally admissible records from your eSigned documents — Certified Print®.
• Convert eSigned original documents into paper originals — Paper Out®.